Our History

In time for the future

Established in 1981, GIC was the brainchild of Dr Goh Keng Swee, then Deputy Prime Minister and Chairman of the Monetary Authority of Singapore. Dr Goh was a singular man, whose bold vision continues to secure Singapore’s financial future.

The GIC Story

When GIC was established, the idea that a country should manage its reserves for long-term returns was unconventional. The vision to create GIC, the world’s first non-commodity-based sovereign wealth fund, was original, bold and forward-looking. It enabled Singapore to develop the essential capability of managing its own reserves to better control its long-term destiny. This spirit of boldness and courage is GIC’s legacy and inspiration, inherited by all in GIC today.

There is no real secret about the way in which most nations and individuals grow rich. They must save a good part of their income, wisely and profitably invested. The more you save and the more wisely you invest, the faster you get rich.
Dr Goh Keng Swee
Deputy Chairman, GIC (1981-1994)

Safeguarding the future

Discover the untold story of Singapore’s reserves management history, and the vision, creativity and drive that led to the founding of GIC.

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